FD Pellets: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FD Pellets
Largest movements
- Cash +€21,192
up €21,192 (+16.4%), from €129,212 to €150,404
mainly Debts after one year (+€25,545) and Trade debts (+€16,163)
- Stocks and contracts -€8,092
down €8,092 (-36.2%), from €22,380 to €14,288
- Receivables within one year -€2,782
down €2,782 (-47.3%), from €5,879 to €3,097
of which Trade receivables: -€3,042
- Debts after one year +€25,545
up €25,545, from €0 to €25,545
- Trade debts +€16,163
up €16,163 (+271.1%), from €5,962 to €22,125
- Profit (loss) carried forward -€16,004
down €16,004 (-42.6%), from €37,572 to €21,568
- Other debts -€15,761
down €15,761 (-35.6%), from €44,318 to €28,558
- Current portion of long-term debt +€5,555
up €5,555 (+262.5%), from €2,116 to €7,671
- Taxes +€23,154
up €23,154 (+1406.4%), from €1,646 to €24,800
- Gross operating margin -€20,572
down €20,572 (-21.0%), from €98,133 to €77,562
- Staff costs -€9,195
down €9,195 (-12.1%), from €76,047 to €66,852
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,417 | €170,735 | +€10,318 | +6.4% |
| Fixed assets | 21/28 | €2,946 | €2,946 | = | 0.0% |
| Financial fixed assets | 28 | €2,946 | €2,946 | = | 0.0% |
| Current assets | 29/58 | €157,471 | €167,789 | +€10,318 | +6.6% |
| Stocks and contracts in progress | 3 | €22,380 | €14,288 | -€8,092 | -36.2% |
| Stocks | 30/36 | €22,380 | €14,288 | -€8,092 | -36.2% |
| Amounts receivable within one year | 40/41 | €5,879 | €3,097 | -€2,782 | -47.3% |
| Trade receivables | 40 | €5,098 | €2,056 | -€3,042 | -59.7% |
| Other amounts receivable | 41 | €781 | €1,040 | +€259 | +33.2% |
| Cash at bank and in hand | 54/58 | €129,212 | €150,404 | +€21,192 | +16.4% |
| Total equity and liabilities | 10/49 | €160,417 | €170,735 | +€10,318 | +6.4% |
| Equity | 10/15 | €92,652 | €76,648 | -€16,004 | -17.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €42,680 | €42,680 | = | 0.0% |
| Distributable reserves | 133 | €42,680 | €42,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,572 | €21,568 | -€16,004 | -42.6% |
| Amounts payable | 17/49 | €67,765 | €94,088 | +€26,322 | +38.8% |
| Amounts payable after more than one year | 17 | €0 | €25,545 | +€25,545 | |
| Financial debts | 170/4 | €0 | €25,545 | +€25,545 | |
| Amounts payable within one year | 42/48 | €67,765 | €68,543 | +€777 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €2,116 | €7,671 | +€5,555 | +262.5% |
| Trade debts | 44 | €5,962 | €22,125 | +€16,163 | +271.1% |
| Suppliers | 440/4 | €5,962 | €22,125 | +€16,163 | +271.1% |
| Taxes, remuneration and social security | 45 | €15,369 | €10,189 | -€5,180 | -33.7% |
| Taxes | 450/3 | €14,551 | €3,539 | -€11,012 | -75.7% |
| Remuneration and social security | 454/9 | €818 | €6,650 | +€5,832 | +712.9% |
| Other amounts payable | 47/48 | €44,318 | €28,558 | -€15,761 | -35.6% |
| Remuneration, social security and pensions | 62 | €76,047 | €66,852 | -€9,195 | -12.1% |
| Non-recurring operating charges | 66A | €513 | - | -€513 | |
| Gross operating margin | 9900 | €98,133 | €77,562 | -€20,572 | -21.0% |
| Operating profit (loss) | 9901 | €21,573 | €10,710 | -€10,863 | -50.4% |
| Financial income | 75/76B | €24 | €155 | +€132 | +559.7% |
| Recurring financial income | 75 | €24 | €155 | +€132 | +559.7% |
| Financial charges | 65/66B | €1,834 | €2,070 | +€236 | +12.8% |
| Recurring financial charges | 65 | €1,834 | €2,070 | +€236 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €19,763 | €8,796 | -€10,967 | -55.5% |
| Income taxes | 67/77 | €1,646 | €24,800 | +€23,154 | +1406.4% |
| Profit (loss) for the period | 9904 | €18,117 | -€16,004 | -€34,121 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,117 | -€16,004 | -€34,121 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.